Temple Market Pulse: Prices Drop 8.8% in October

Temple's housing market cooled further in October with the median sale price dropping to $234,730 across 18 closed sales. This represents an 8.8% decrease compared to the same month last year and a 7.9% decline from September. The number of homes sold also fell by 30.8% month-over-month, bringing total October closings down to 18 transactions. Days on market increased significantly, rising 42.9% from last year to a median of 50 days. This suggests buyers are taking longer to make decisions or sellers are holding out for higher prices that the current inventory is not meeting. The share of homes selling below the original list price remained steady at 66.7%, while the average sale-to-list ratio improved slightly to 97.9%. New construction activity remains a key driver, with 11 new-construction homes closing in October compared to just four in the same period last year. The median living area for sold homes shrank to 1,676 square feet, down from 1,854 square feet a year ago. With 136 active listings and 18 closings, the market currently holds roughly 5 months of inventory, indicating a balanced but slowing environment. ALEX Intelligence analyzed these figures to highlight the shift in pricing power and activity speed for Temple buyers and sellers this month. Want a closer look? Reply or call George at 713.918.9951 and we'll set up a showing. Coverage: most home sales in Temple are listed in another MLS, which ALEX does not receive yet. The figures in this post count only sales listed in Unlock MLS (ABOR), so they describe part of the local market, not all of it. Data from Unlock MLS. Information deemed reliable but not guaranteed. Model outputs are ALEX Intelligence estimates, not appraisals. Read more Central Texas market data on the ALEX blog: https://alex-companies.com/blog